Outlook for Interest Rates and the Exchange Rate
Fred Argy
Review of Marketing and Agricultural Economics, 1988, vol. 56, issue 01, 7
Abstract:
The theme of my paper is that, provided the terms of trade remain fairly stable, a real exchange rate at about its average 1986-87 level is consistent with a stabilisation of our external debt in 1991; and that the necessary turn-around in our trade balance can occur without requiring a marked slowing down in economic growth. The paper also argues that, if markets accept this view, interest rates will be able to sustain their recent decline.
Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:9669
DOI: 10.22004/ag.econ.9669
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